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Key selling points
- 2 Bed Terrace for ONLY £64,000!!
- Situated in Hartlepool, BBC Article states 19% 12 month growth!!
- Great Rental Potential!!
- Deposit UNDER £10,000
- Excellent Long-Term Investment
We have sourced a well presented 2 bed terraced property, in the popular investment city of Hartlepool. Hartlepool has done and continues to see extremely high levels of capital growth, whilst rental demand is very strong, thus making a superb investment for the Buy-to-let investor.
The property is located very close to the new Trinity Court development, which contains in excess of 100 new build properties. The property comes with both double-glazing and gas central. The property floor plan briefly comprises of entrance vestibule, lounge, fitted kitchen, bathroom / wc and 2 bedrooms. Externally to the rear there is a fully enclosed courtyard.
The anticipated rental income for a property of this type in this area would be £368/month.
Cash Flow
Purchase price - £64,000
Deposit - £9,600
Rent - £368/month
85% Mortgage at 5.3% - £240/month
Management 10%(+vat) - £43
Insurance - £15
Net Income - £70
This high yielding investment property will provide a net income of £70 a month, after all costs. We source more high yielding buy to let deals in the UK than any other company, and have a proven track record. We regularly feature in the property magazines in the UK, and only source in local hotspots where our local finders operate from, and in areas we invest in ourselves.
The North East has excellent rental property and continued strong capital growth offering fantastic value to buy to let investors. As with any property of this type and age we would recommend that investors always allow up to £1000 for points that may be raised in the survey.
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